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In General,the Probability of Observing at Least One of Event

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In general,the probability of observing at least one of event A and event B is p(A or B)= p(A)+ p(B)- p(A,B).


Definitions:

Woodward's Classification

Woodward's classification is a framework developed by Joan Woodward that categorizes firms into three basic types—unit production, mass production, and process production—based on the complexity of their technology and production processes.

Operations Technology

The hardware and software solutions used to manage and improve core operations and processes within a business or manufacturing environment.

Automobile Assembly Line

A manufacturing process in which parts are added to an automobile as it moves from workstation to workstation, each step in the process is completed in a sequence until the vehicle is completed.

Continuous-Process

A manufacturing or production process that operates constantly, without interruption, to produce products or materials.

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